Astronics Corp. (OTCMKTS:ATROB) Short Interest Up 990.7% in June

Astronics Corp. (OTCMKTS:ATROB) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 20,626 shares, a growth of 990.7% from the May 31st total of 1,891 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 7,983 shares, the days-to-cover ratio is presently 2.6 days.

Astronics Stock Down 2.3%

Shares of OTCMKTS:ATROB opened at $85.49 on Friday. Astronics has a 1 year low of $22.90 and a 1 year high of $91.15. The company has a market capitalization of $3.68 billion, a PE ratio of 86.94 and a beta of 1.09. The business has a fifty day moving average price of $99.61 and a two-hundred day moving average price of $78.97. The company has a debt-to-equity ratio of 2.07, a current ratio of 2.97 and a quick ratio of 1.63.

Astronics (OTCMKTS:ATROB) last issued its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. Astronics had a net margin of 5.12% and a return on equity of 49.34%. The company had revenue of $230.62 million for the quarter, compared to the consensus estimate of $225.52 million.

About Astronics

Astronics Corporation is a global provider of advanced technology solutions to the aerospace, defense and other high-reliability industries. Headquartered in East Aurora, New York, the company was founded in 1968 and has grown through both organic innovation and targeted acquisitions. Astronics delivers mission-critical products that enhance aircraft safety, passenger comfort and operational efficiency for major airframers, airlines and defense contractors worldwide.

The company’s product portfolio spans several key areas, including electrical power generation and management systems, LED cabin lighting and safety systems, connectivity and data solutions, and automated test equipment.